Required Information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to...

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Required Information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date March 1 Activities Beginning inventory March S Purchase March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Totals Units Acquired at Cost 60 units 205 units Units Sold at Retail @$50.20 per unit @ $55.20 per unit 220 units $85.20 per unit 65 units @ $60.20 per unit 110 units @ $62.20 per unit 440 units 90 units @ $95.20 per unit 310 units Problem 6-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted: Average Specific ID Sales Less Cost of goods sold Gross profit Required Information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date March 1 Activities Beginning inventory March S Purchase March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Totals Units Acquired at Cost 60 units 205 units Units Sold at Retail @$50.20 per unit @ $55.20 per unit 220 units $85.20 per unit 65 units @ $60.20 per unit 110 units @ $62.20 per unit 440 units 90 units @ $95.20 per unit 310 units Problem 6-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted: Average Specific ID Sales Less Cost of goods sold Gross profit